Allahabad Bank (Delisted) MD, chairman, board of directors and AGM

BSE: 532480

Last traded ₹7.60 on 19 Mar 2020

Delisted on 27 May 2020.

Allahabad Bank AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Allahabad Bank share news and announcements

Extraordinary general meeting, 27 Feb 2020

Present: 1 promoter and 2,165 others.The company's voting result (opens in a new tab)

  1. To create, offer, issue and allot upto 80,57,63,473 (Eighty crore fifty seven lakh sixty three thousand four hundred seventy three) new equity shares of face value of Rs.10.00 (Rupees ten only) each for cash at an Issue Price of Rs. 26.72 (Rupees twenty six and paise seventy two only) per equity share including a premium of Rs. 16.72 (Rupees sixteen and paise seventy two only) per equity share determined in accordance with Regulation 164 (1) of SEBI (ICDR) Regulations, 2018, aggregating upto Rs.2153.00 crore (Rupees two thousand one hundred fifty three crore only) on preferential basis to the Government of India (President of India).MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 95.84% · promoters 100.00% · institutions 77.97% · other public 16.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 26 Mar 2019, 1 resolution

Present: 1 promoter and 2,050 others.The company's voting result (opens in a new tab)

  1. To create, offer, issue and allot upto 162,48,82,186 (One hundred sixty two crore forty eight lakh eighty two thousand one hundred eighty six) new equity shares of face value of Rs.10.00 (Rupees ten only) each for cash at an Issue Price of Rs.42.44 (Rupees forty two and paise forty four only) per equity share including a premium of Rs.32.44 (Rupees thirty two and paise forty four only) per equity share determined in accordance with Regulation 164 (1) of SEBI (ICDR) Regulations, 2018, aggregating upto Rs.6896.00 crore (Rupees six thousand eight hundred ninety six crore only) on preferential basis to the Government of India (President of India).MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.49%

    Turnout: all 93.82% · promoters 100.00% · institutions 94.89% · other public 0.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 18 Sep 2018, 1 resolution

Present: 1 promoter and 1,450 others.The company's voting result (opens in a new tab)

  1. To create, offer, issue and allot upto 38,92,15,046 (Thirty eight crore ninety two lakh fifteen thousand forty six) equity shares of face value of Rs.10/-(Rupees ten only) each for cash at an Issue Price of Rs.45.99 (Rupees forty five and paise ninety nine only) per equity share including a premium of Rs.35.99 (Rupees thirty five and paise ninety nine only) per equity share determined in accordance with Regulation 76 (1) of SEBI (ICDR) Regulations, 2009, as amended, aggregating upto Rs.1790.00 crore (Rupees one thousand seven hundred ninety crore only) on preferential basis to the Government of India (President of India).MoreLess
    SpecialPromoters have an interest in it
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.33% · other public 2.98%

    Turnout: all 86.50% · promoters 100.00% · institutions 95.15% · other public 0.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 27 Feb 2020, 2 fund houses

  • To create, offer, issue and allot upto 80,57,63,473 (Eighty crore fifty seven lakh sixty three thousand four hundred seventy three) new equity shares of face value of Rs.10.00 (Rupees ten only) each for cash at an Issue Price of Rs. 26.72 (Rupees twenty six and paise seventy two only) per equity share including a premium of Rs. 16.72 (Rupees sixteen and paise seventy two only) per equity share determined in accordance with Regulation 164 (1) of SEBI (ICDR) Regulations, 2018, aggregating upto Rs.2153.00 crore (Rupees two thousand one hundred fifty three crore only) on preferential basis to the Government of India (President of India).MoreLess
    1 for0 against

    1 abstained

Mutual fund votes, meeting of 28 Jun 2019, 3 fund houses

  • Adoption of Financial Statements of the Company
    1 for0 against
  • Approval to Raise equity capital through QIP / FPO / Rights issue etc. aggregating to not more than Rs 4000 crore
    Against HDFC Mutual Fund
    • HDFC Mutual FundBank is well capitalized and there is no urgent need of capital. Thus, no need to dilute the stake below book value.
    0 for1 against
  • To discuss, approve and adopt the Balance Sheet, Profit & Loss Account of the Bank as at and for the year ended March 31, 2019, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors' Report on the Balance Sheet and Accounts.MoreLess
    1 for0 against

    1 abstained

  • To raise equity capital through QIP/ FPO/ Rights issue etc
    1 for0 against
  • To raise equity capital through QIP/ FPO/ Rights issue etc. aggregating to not more than Rs. 4000.00 crore.
    0 for0 against

    1 abstained

6 earlier meetings

Mutual fund votes, meeting of 26 Mar 2019, 3 fund houses

  • To create, offer, issue and allot upto 162,48,82,186 (One hundred sixty two crore forty eight lakh eighty two thousand one hundred eighty six) new equity shares of face value of Rs.10.00 (Rupees ten only) each for cash at an Issue Price of Rs.42.44 (Rupees forty two and paise forty four only) per equity share including a premium of Rs.32.44 (Rupees thirty two and paise forty four only) per equity share determined in accordance with Regulation 164 (1) of SEBI (ICDR) Regulations, 2018, aggregating upto Rs.6896.00 crore (Rupees six thousand eight hundred ninety six crore only) on preferential basis to the Government of India (President of India).MoreLess
    2 for0 against

    1 abstained

Mutual fund votes, meeting of 10 Jan 2019, 3 fund houses

  • Item 1, as a fund house numbered it
    1 for0 against
  • Approval for issue and allot upto 65,28,43,095 Equity shares on a preferential basis to the Government of India aggregating upto Rs. 3054 crore
    1 for0 against
  • To create, offer, issue and allot upto 65,28,43,095 equity shares of face value of Rs10.00 each for cash at an Issue Price of Rs. 46.78 per equity share including a premium of Rs. 36.78 (Rupees thirty six and paise seventy eight only) per equity share determined in accordance with Regulation 164 (1) of SEBI (ICDR) Regulations, 2018 aggregating upto Rs. 3054 on preferential basis to the Government of India (President of India).MoreLess
    0 for0 against

    1 abstained

Mutual fund votes, meeting of 18 Sep 2018, 4 fund houses

  • To create, offer, issue and allot upto 38,92,15,046 (Thirty eight crore ninety two lakh fifteen thousand forty six) equity shares of face value of Rs.10/-(Rupees ten only) each for cash at an Issue Price of Rs.45.99 (Rupees forty five and paise ninety nine only) per equity share including a premium of Rs.35.99 (Rupees thirty five and paise ninety nine only) per equity share determined in accordance with Regulation 76 (1) of SEBI (ICDR) Regulations, 2009, as amended, aggregating upto Rs.1790.00 crore (Rupees one thousand seven hundred ninety crore only) on preferential basis to the Government of India (President of India).MoreLess
    3 for0 against

    1 abstained

Mutual fund votes, meeting of 27 Jun 2018, 4 fund houses

  • Adoption of financial statements for the year ended 31 March 2018
    1 for0 against
  • Adoption of Financial Statements of the Company
    1 for0 against
  • Approval for further issue of capital through QIP/ FPO/ Rights issue up to Rs. 1900 crore
    1 for0 against
  • To discuss, approve and adopt the Balance Sheet, Profit & Loss Account of the Bank as at and for the year ended 31st March, 2018, the Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors' Report on the Balance Sheet and Accounts.MoreLess
    1 for0 against

    1 abstained

  • To issue equity upto Rs 19.0 bn through public issue/rights/QIP
    1 for0 against
  • To raise equity capital through QIP/ FPO/ Rights issue etc.
    1 for0 against
  • To raise equity capital through QIP/ FPO/ Rights issue etc. aggregating to not more than Rs.1900 crore
    0 for0 against

    1 abstained

Mutual fund votes, meeting of 21 Mar 2018, 5 fund houses

  • Approval to elect upto three Directors from amongst the shareholders of the Bank - Shri Sarath Sura, Dr. Bijaya Kumar Sahoo and Dr. Parthapratim Pal
    1 for0 against
  • Approval to issue equity shares on preferential basis to the Government of India upto to Rs.1500 crore
    1 for0 against
  • Election of upto three Shareholder Directors of the Bank from amongst the shareholders other than the Central Government
    1 for0 against
  • Obtaining approval of the shareholders of the Bank by way of Special Resolution for issue and allotment of new equity shares of the Bank on preferential basis to Government of India (President of India) against their capital infusion plan of Rs.1500.00 crore in the Bank in the FY 2017-18MoreLess
    1 for0 against
  • to create, offer, issue and allot upto such number of new equity shares of face value of INR 10 (Rupees ten only) each for cash at an Issue Price determined in accordance with Regulation 76 (1) of SEBI (ICDR) Regulations, 2009, as amended, aggregating upto INR 1500.00 crore (Rupees one thousand five hundred crore only) on preferential basis to Government of India (President of India)."MoreLess
    1 for0 against
  • To create, offer, issue and allot upto such number of new equity shares of face value of Rs.10/-(Rupees ten only) each for cash at such Issue Price as determined in accordance with Regulation 76 (1) of SEBI (ICDR) Regulations, 2009, as amended, aggregating upto Rs. 1500.00 crore (Rupees one thousand five hundred crore only) on preferential basis to Government of IndiaMoreLess
    0 for0 against

    1 abstained

  • To elect three Directors among the shareholder of the bank
    0 for0 against

    1 abstained

  • To elect three shareholder directors from amongst the public shareholders of the bank
    0 for0 against

    1 abstained

  • To elect upto THREE Directors from amongst the shareholders of the Bank
    0 for0 against

    1 abstained

Mutual fund votes, meeting of 17 Jan 2018, 6 fund houses

  • Approval for issue of Equity shares under Employee Share Purchase Scheme to the Employees
    1 for0 against
  • Launch Employee Share Purchase Scheme and grant upto 50 mn equity shares to employees of the Bank
    1 for0 against
  • to create, grant, offer, issue and allot, in one or more tranches, to such employees, whether working in India or outside India, which expression shall include the Managing Director & Chief Executive Officer and Executive Director (s) of the Bank ("The Employees"), as may be decided by the Board, aggregating up to 5,00,00,000 (Five crore) new equity shares of face value of Rs.10/- (Rupees Ten only) each, ranking pari passu with the existing equity shares of the Bank for all purposes and in all respects, including payment of dividend, under an Employee Share Purchase Scheme (hereinafter referred to as "AllBank-ESPS"), at such price or prices, and on such terms and conditions as may be decided by the Board in its absolute discretion in such a way that Government of India holding does not come below 52.00%.MoreLess
    0 for0 against

    1 abstained

  • To create, grant offer, issue and allot up to 5,00,00,000 (Five crore) new equity shares of face value of `10/- (Rupees Ten only) each, ranking pari passu with the existing equity shares of the Bank for all purpose and in all respects, including payment of dividend, under an Employee Share Purchase Scheme (hereinafter referred to as "AllBank-ESPS ") in one or more tranches, at such price or prices, and on such terms and conditions as may be decided by the Board/Committee in its absolute discretion and to consider and if thought fit, pass with or without modificationMoreLess
    1 for0 against
  • To create, grant offer, issue and allot up to 5,00,00,000 (Five crore) new equity shares of face value of Rs.10/- (Rupees Ten only) each, ranking pari passu with the existing equity shares of the Bank for all purpose and in all respects, including payment of dividend, under an Employee Share Purchase Scheme (hereinafter referred to as "AllBank-ESPS ") in one or more tranches, at such price or prices, and on such terms and conditions as may be decided by the Board/Committee in its absolute discretionMoreLess
    1 for0 against
  • To create, grant offer, issue and allot up to 5,00,00,000 (Five crore) new equity shares of face value of Rs 10/- (Rupees Ten only) each, ranking pari passu with the existing equity shares of the Bank for all purpose and in all respects, including payment of dividend, under an Employee Share Purchase Scheme (hereinafter referred to as "AllBank-ESPS ") in one or more tranches, at such price or prices, and on such terms and conditions as may be decided by the Board/Committee in its absolute discretion and to consider and if thought fit, pass with or without modification.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.